When you enter the realm of the Jumbo loan you and your lenders take on different persona’s. The amounts are huge, the risks multiplied. Items like business plans and renovation schedules become an integral part of your mortgage application with far more detail and inspection than a standard Seattle home mortgage.

Traditionally, Jumbo loans only get Seattle mortgage rates when they emulate a Seattle home mortgage in term and down payment. A creative mortgage broker can however deliver a low rate with a low down payment using in house finance tools where available. Eastside Mortgage Professionals have just that advantage.

Using an in house finance package powered by the local Guild Mortgage company is able to put together Jumbo loans up to $3 Million with only a 20% down payment. What makes this an even greater accomplishment is that they can offer this package to individuals whose credit score is 680. With a greater credit score these Jumbo’s really start to look affordable opening up the high end housing market to those that might have been previously shut out.

While we’re up here in the big numbers remember that Eastside Mortgage Professionals, in addition to Seattle home mortgage, also have Guild funded programs that can make a big difference not only to high end home buyers but real estate investors as well. The common ground for this customer type crossover is that the property in question be priced at well below market value. Savvy real estate buyers can bulk up their portfolio with out bulking up their monthly disbursements. No mater what your real estate mortgage needs are, working with a mortgage broker like Eastside can only make the transaction smoother.

This article written by Phillip Thow